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AfrAsia Bank Limited and its Group Entities
Annual Report 2015
page 106
Swift Sanction
Filter
Pending
Review
Fail
Passed
User 1
User 2
CAPITAL STRUCTURE AND ADEQUACY
RISK WEIGHTED ASSETS
AFRASIA BANK LIMITED BASEL
BASEL III
BASEL II
BASEL II
2015
2014
2013
MUR’000
MUR’000 MUR’000
Common Equity Tier 1 capital: instruments and reserves
Share Capital
2,511,291 3,133,884 1,694,593
Share premium (from issue of ordinary shares included in CET1)
13,923
14,283
15,848
Statutory reserve
152,116
125,861
92,464
Accumulated other comprehensive income and other disclosed reserves
182,164
332,175
304,599
Common Equity Tier 1 capital before regulatory adjustments
2,859,494 3,606,203 2,107,504
Common Equity Tier 1 capital: regulatory adjustments
Treasury (Own Shares)
-
(405,776)
-
Other intangible assets
(48,018)
(37,667)
(15,420)
Deferred Tax
(19,607)
(8,897)
(8,055)
Significant investments in the capital of banking, financial and insurance entities that
are outside the scope of regulatory consolidation, net of eligible short positions (amount
above 10% threshold)
(94,781)
(356,045)
(191,557)
Total regulatory adjustments to Common Equity Tier 1 capital
(162,406)
(808,385)
(215,032)
Common Equity Tier 1 capital (CET1)
2,697,087 2,797,818 1,892,472
The SWIFT Sanction Screening system of the Bank, which screens all details contained in incoming and outgoing Swift messages, ensures
that the Bank is not facilitating payments for individuals and organisations blacklisted under the US, EU, OFAC and UN Sanction lists.
The decision workflow below is the internal process that the Bank applies for investigation and instruction on alerted messages. In the case
of a false positive and no issue is found, User 1 takes the Pass decision and releases the message. In the case of a possible true hit, User
1 escalates the alert to User 2. This action moves the alert to a Pending Review state. User 2 then decides to Pass or Fail the message.
RISK MANAGEMENT REPORT (CONTINUED)